100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Guide To Supply Chain Management summary $5.93   Add to cart

Summary

Guide To Supply Chain Management summary

2 reviews
 111 views  3 purchases
  • Course
  • Institution

summary chapter 1,2,3,4,5,6,7,9,11

Preview 3 out of 22  pages

  • January 22, 2018
  • 22
  • 2017/2018
  • Summary

2  reviews

review-writer-avatar

By: cm306 • 4 year ago

review-writer-avatar

By: tessarus • 6 year ago

avatar-seller
Table of Content
Supply Chain Management.....................................................................................................................1
Chapter 1 (6 blz).................................................................................................................................1
Chapter 2 (27 blz)...............................................................................................................................4
Chapter 3 (14 blz)...............................................................................................................................6
Chapter 4 (20 blz)...............................................................................................................................9
Chapter 5 (14 blz).............................................................................................................................11
Chapter 6 (18 blz).............................................................................................................................14
Chapter 7 (12 blz).............................................................................................................................16
Chapter 9 (13 blz).............................................................................................................................18
Chapter 11 (13 blz)...........................................................................................................................20




Supply Chain Management
Chapter 1 (6 blz)
Supply Chain Management: managing the flow of information, materials and service from raw
material suppliers through factories and warehouses to the end customer. It includes manufactures,
suppliers, transporters, warehouses, retailers, and customers.

The supply chain includes all function that are involved in receiving and filling a customer request;

, - New product development
- Marketing
- Operations
- Distribution
- Finance
- Customer service

A supply chain is dynamic and includes three flows;

1. Flow of information (order confirmation or dispatch advice)
2. Flow of materials (raw materials to finished goods)
3. Reverse flow

Reverse Funds: this is the money that flows back into the supply chain. The supplier’s supplier wants
to be paid for the delivery of tea leaves.

Reverse flows:

- Goods, quality defect products or obsolete products
- Information, customer feedback
- Packaging material, outer cartons
- Transportation equipment, cages, pallets or containers

Flow of material; they range from raw materials to work in progress, all the way to finished goods.

There are two forces in this chain of products, information, and funds:

- Product supply: commodities. The supply chain starts supplying before customers come into
the store to buy it.
- Customer demand; customized goods. Have a high degree of customization, the customer
starts the chain of supply, manufacturing, and transport activities of the desired product. The
chain starts moving after the customer have expressed their wishes or set an order.

Simple supply chain players;

- Suppliers
- Own company
- Customers
- Service supplier




Service providers such as transportation, warehousing, IT, financing, market research, new product
design, information, communication. They are often capable of providing the previously mentioned

, services more efficiently than manufacturers/distributors/wholesalers because they are specialized in
a certain service.

Supply chains react to changes in their environment:

- Customer demand
- Product supply
- Exchange rates
- Temperature

Constant balance supply with demand. Inventory plays an important role in balancing demand and
supply

The following processes take place in every stage of the supply chain;

- Plan process: balance demand and supply
- Source process: selecting suppliers
- Make process: setting up manufacturing
- Deliver Process: order management, logistics
- Return process: post-delivery customer support

The Supply Chain Counsel (SCC) developed the Supply Chain Operations Reference (SCOR) that
displays the functional processes in the supply chain.
A model that depicts the broad spectrum of generic functional processes in the supply chain




A famous simulation of dynamics in the supply chain is the beer game. The setup is simple: there are
four players (factory, distributor, wholesaler and retailer) that source, produce and move beer within
the supply chain. The aim is to minimise total supply chain costs, which can be achieved through
holding little (but not too little!) inventory. Then it happens: the bullwhip effect! A small change in
real customer demand leads to a huge amplification of the upstream demand signal and increased
volatility of orders through to suppliers. The initial out of stock situation soon becomes a massive
excess stock problem. In order to improve the situation, we need to communicate, share a demand
forecast between the different players and reduce information and product flow lead-times.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller cheyenne2122. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $5.93. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67096 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$5.93  3x  sold
  • (2)
  Add to cart